UBS pays $US50m to settle CDO fraud charges
Updated | UBS has agreed to pay $50 million to settle US SEC charges it misled investors about a risky mortgage bond transaction that soured during the financial crisis, the regulator said.
Goldman’s McMurdo to head Deutsche in Australia
Updated | James McMurdo, managing director and partner of Goldman Sachs in London, is taking the role of country head of Deutsche Bank.
IRESS buys UK competitor, Avelo, for $360 million
Financial services technology group IRESS has bought out one of its key competitors in the United Kingdom, Avelo, as part of a bigger push into the British market.
Analysts hang on RBA’s changed words
Subtle changes to the Reserve Bank of Australia’s monthly statement have observers predicting which way interest rates will go next.
US accuses Bank of America of mortgage fraud
Updated | The US government has filed two civil lawsuits against Bank of America for what the Justice Department and securities regulators said was a fraud on investors involving $850 million of securities.
Macquarie Group appoints Patricia Cross to board
Macquarie Group has stepped up efforts to refresh its board, appointing Patricia Cross as an independent non-executive director, effective Wednesday.
China moves to sustainable growth: Blankfein
Goldman Sachs CEO Lloyd Blankfein, the world’s most influential investment banker, is upbeat about the Australian economy and says China’s slowing growth means more sustainability.
M&A
| Pos | Name | Value ($m) | No | % share |
| 1 | Goldman Sachs | 14,744 | 18 | 26.1 |
| 2 | Lazard | 13,821 | 8 | 24.5 |
| 3 | Macquarie Group | 12,454 | 18 | 22.1 |
ECM
| Pos | Name | Value ($m) | No | % share |
| 1 | UBS | 3,489 | 14 | 37.2 |
| 2 | Macquarie Group | 1,206 | 14 | 12.9 |
| 3 | Bank of America Merrill Lynch | 687 | 6 | 7.3 |
DCM
| Pos | Name | Value ($m) | No | % share |
| 1 | Westpac | 14,514 | 51 | 16.7 |
| 2 | ANZ | 12,354 | 74 | 14.3 |
| 3 | Commonwealth Bank of Australia | 10,237 | 30 | 11.8 |
Syndicated Loans
| Pos | Name | Value ($m) | No | % share |
| 1 | ANZ | 6,137 | 63 | 14.1 |
| 2 | National Australia Bank | 5,671 | 49 | 13.1 |
| 3 | Commonwealth Bank of Australia | 5,459 | 45 | 12.6 |
Latest ASX takeover announcements
Game on, Envestra tells suitor APA
Gas company Envestra has slammed the door on suitor APA Group in its first takeover bid. But suitors seldom put their best offer forward in the first round, allowing them some wriggle room.
HSBC profit rises, revenue slips
Updated | HSBC posted lower than expected earnings and said it might have to pay $US1.6 billion in damages over a US lawsuit, reviving concerns over growth prospects at Europe’s biggest bank.
Banks circle remaining Lloyds assets
Exclusive | National Australia Bank, Westpac and Macquarie Bank are circling the residual Australian operations of UK bank Lloyds in a deal that could see the lender exit these shores by the end of the year.
Latest ASX capital announcements
| GEM | 4:03:49 PM |
Completion of Note Offering Raising 70 Million
|
| CZD | 4:01:27 PM | Appendix 3B |
| TEO | 3:37:32 PM | Prospectus Lodged with ASIC |
| BNO | 3:37:27 PM | Appendix 3B |
| OBL | 3:32:22 PM |
Placement raises $200,000
|
| SGH | 3:26:18 PM | Release of shares from voluntary escrow |
| SBB | 3:24:11 PM | Sunbridge Group Limited - Prospectus |
| CLA | 3:00:32 PM | Appendix 3B - exercise of options |
| CLA | 2:59:11 PM | Appendix 3B - Exercise of options |
| ANZ | 2:50:43 PM | Appendix 3B - ANZ Capital Notes |
Jury rules against Goldman’s ‘Fabulous Fab’
Updated | Former Goldman Sachs Group vice president Fabrice Tourre, nicknamed ‘Fabulous Fab’, was found liable for federal securities law violations for his role in a failed mortgage deal that cost investors $US1 billion.
Steadfast IPO years in the making
Just before midday on Friday a swarm of Steadfast executives, bankers and lawyers converged on the Australian Stock Exchange building in Sydney for what is commonly referred to as a listing ceremony.
Altamont scores a barrel with Billabong – for now
This week’s events surrounding Billabong International resemble a choppy surfing contest. An Altamont Capital Partners-led group navigated its wave to shore and put the finishing touches on a bid for the surfwear company.
